Maxvolt Energy Industries came to market through an SME IPO that opened on 12 February 2025 and closed on 14 February 2025, and the shares listed on 19 February 2025 on NSE SME. The price band was ₹171 to ₹180 per share and one lot was 800 shares, so the minimum application was ₹1,44,000. The issue size was ₹54 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Bigshare Services Pvt Ltd was the registrar to the issue, and Smart Horizon Capital Advisors Private Limited was the lead manager.
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Maxvolt Energy Industries Limited is a company incorporated in the year 2019. It is into the business of manufacturing lithium-ion batteries. The company manufactures lithium-ion batteries for electric vehicles, energy storage, and electronics sold through dealers, distributors, and OEMs under the brand name MaxVolt Energy.The company manufactures customized battery packs, supplies Graphene battery packs, and chargers under its own brand name.
As of September 30, 2024, the company has service centers in five states and provides support to dealers and distributors for battery-related issues.The manufacturing facility has advanced machinery, safety measures, and testing labs. It follows quality control right from raw material procurement to final product testing, packaging, and dispatch. As on September 30, 2024, the company employed 97 people.
As described in the offer document.
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Mr. Bhuvneshwar Pal Singh, Mr. Vishal Gupta, Mr. Sachin Gupta. Promoter holding 57.25% before the issue and 39.14% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Maxvolt Energy Industries IPO was a ₹54 crore book-built issue, comprising a fresh issue of ₹43.2 crore and an offer for sale of ₹10.8 crore. It was priced at ₹171–₹180 per share with a lot size of 800 shares (₹1,44,000). The IPO was open from February 12 to February 14, 2025. Shares listed on NSE SME on February 19, 2025 at ₹180, in line with the issue price of ₹180. Bigshare Services Pvt Ltd is the registrar.
Smart Horizon Capital Advisors Private Limited is the book running lead manager.
The price band of Maxvolt Energy Industries IPO is ₹171 to ₹180 per share.
The lot size of Maxvolt Energy Industries IPO is 800 shares.
The minimum investment for Maxvolt Energy Industries IPO is approximately ₹1,44,000 based on the upper price band.
The allotment date of Maxvolt Energy Industries IPO is Feb 17, 2025.
You can check Maxvolt Energy Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Maxvolt Energy Industries IPO allotment status on Rupix for quick and easy access.
₹171 to ₹180 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 800 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,44,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,44,000, for one lot of 800 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 12 February 2025 and closed on 14 February 2025.
The basis of allotment was published on 17 February 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 19 February 2025 on NSE SME.
The issue size was ₹54 crore. The fresh issue was 24,00,000 shares (aggregating up to ₹43.2 crore). The offer for sale was 6,00,000 shares (aggregating up to ₹10.8 crore).